Bitcoin trades flat in muted market performance

by James · May 10, 2023

In the last 24 hours, the cryptocurrency market capitalization saw net outflows of around $1 billion and currently stands at $1.14 trillion – down 0.06%.

During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap rose by 0.19% and 0.47% to $535.5 billion and $222.16 billion, respectively.

Tron was the biggest gainer among the top 10 assets. Others such as Bitcoin, Ethereum and XRP made smaller gains of less than 1%.

Meanwhile, Polygon and Cardano fell by more than 2%, respectively.

Source: CryptoSlate The market cap of Tether (USDT) grew to $82.52 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.16 billion and $5.79 billion, respectively.

Table of Contents

Bitcoin

In the last 24 hours, Bitcoin rose 0.1% to trade at $27,611 as of 07:00 ET. Market dominance remained rising to 47% from 46.9%.

During the reporting period, BTC continued to trade above $27,500 in anticipation of April’s US CPI numbers. Blockchain analytics firm Kaiko has highlighted how the US banking crisis has continued to affect BTC liquidity across exchanges.

Source: Tradingview

Ethereum

Over the past 24 hours, Ethereum has seen a marginal gain of 0.27% to trade at $1,844 as of 07:00 ET. Market dominance rose to 19.5% from 19.4%.

ETH mirrored the BTC price performance, reaching a high of $1,860 during the reporting period. Earlier this week, ETH whales such as the Ethereum Foundation and Vitalik Buterin dumped some of their holdings.

Top 5 winners

KAVA

KAVA is the biggest gainer of the day, growing 11.26% in the last 24 hours to $$0.85866 as of press time. The token is up 12% in the last seven days. The market value was 440.47 million dollars.

TerraUSD

UST rose 9.72% to $0.01643 as of press time. The failed stablecoin is down 22% in the last 30 days. Its market capitalization was $160.93 million.

Terra Classic

LUNC grew 7.07% in the last 24 hours to $0.00009 as of press time. The market value was 530.06 million dollars.

LUXURY

LYXe gained 6.77% to trade at $13.8010 on at the time of writing. The NFT-related token has risen by 23% in the past month. Its market capitalization was $214.96 million.

Nervo’s network

CKB rose 5.09% to $0.00330 during the last 24 hours. The market value was 134.07 million dollars.

Top 5 losers

JasmyCoin

JASMY is the biggest loser of the day, falling 19.46% to trade at $0.00540 at the time of writing. IThe market value was 257 million dollars.

UMA

UMA fell 8.9% to trade at $2.64796. Despite today’s move, the token has gained more than 25% in the past month. It’s market value was 188.6 million dollars.

iExec RLC

RLC plunged 8.5% to trade at $1.48853as of press time. The AI-related token is experiencing a selloff, down 14% in the last 30 days. It is mthe sheet cap was $120.57 million.

Stacks

STX lost 7.7% to $0.90 over the reporting period. The BTC layer2 network has lost over 30% in the last 30 days. IThe market value was 891.36 million dollars.

WEMIX

WEMIX fell 7.69% to $0.81664 over the reporting period. IThe market value was 204.49 million dollars.

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